Axiome Consultants Accounting service is tailored to meet the specific needs of each client’s business operation.

Our small qualified team has experience acting for a wide range of clients including: sole traders and company groups, high net worth individuals, family trusts and charitable trusts.

Additionally, we have acted for a range of clients undertaking specialised consulting assignments.

We are members of the New Zealand Institute of Chartered Accountants and are bound by their code of ethics.

Attached are a number of fact sheets on topical accounting issues.

Budgeting

This factsheet looks at the benefits and process of preparing a proper budget.
While budgets are time consuming to prepare, a well thought out budget can greatly improve the performance of your business and help identify problems and opportunities early on. Budgets are simply forecasts of the future, designed to plan and control money coming and going from you business.

Business Plans

This factsheet looks at the benefits and process of preparing a business plan.
The environment in which we work is constantly changing, and running a business is becoming more and more challenging. Quite simply, planning significantly increases your chances of success. If you don’t have a business plan, now is a good time to plan for and think about the future of your business. Businesses do not plan to fail, however, many business fail because the owners have failed to think how their business will survive beyond the next month, focusing more on getting by on a day-to-day basis.

Partnerships

This factsheet gives an overview of partnerships.
Partnership involves two or more partners carrying on a business in common with a view to a profit. If these criteria are met then you are operating as a partnership and different legal rules apply than for a sole trader or a company. The Partnership Act sets out much of the law about partnerships, although it may be overridden on particular matters by the terms of a formal partnership agreement.

Companies - Directors

This factsheet looks at risks of being a company director.
It wasn’t so long ago that there existed a degree of glamour attached to being a company director with some company directors enjoying a status normally enjoyed by celebrities. Things have changed considerably. Company directorships now bring with them a complex range of responsibilities and considerable personal and professional risks which has seen many individuals refuse to accept directorships.

Payroll

This factsheet looks at payroll.
Money is one of the main reasons why people work, so it’s important to get it right when you pay them. There are various laws that relate to salary and wages, and you should make sure that you’re familiar with them. You must know how you have to pay employees, what deductions you can, can’t, and must make from their pay, and know about the minimum wage and the records you have to keep.
Note that the law can and does change quickly. The latest on pay legislation can be found on www.ers.govt.nz. Please refer to our separate fact sheet on the complexities of KiwiSaver.